Diversify Wealth Management LLC Has $558,000 Stake in Procore Technologies, Inc. (NYSE:PCOR)

Diversify Wealth Management LLC lessened its stake in shares of Procore Technologies, Inc. (NYSE:PCORFree Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,457 shares of the company’s stock after selling 150 shares during the period. Diversify Wealth Management LLC’s holdings in Procore Technologies were worth $558,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. CIBC Asset Management Inc raised its stake in shares of Procore Technologies by 3.5% in the third quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock worth $259,000 after purchasing an additional 143 shares during the last quarter. Tanager Wealth Management LLP lifted its stake in Procore Technologies by 1.3% during the 3rd quarter. Tanager Wealth Management LLP now owns 12,747 shares of the company’s stock valued at $787,000 after acquiring an additional 168 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Procore Technologies by 6.9% during the third quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company’s stock valued at $322,000 after purchasing an additional 336 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price objective on shares of Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. TD Cowen increased their price objective on Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 22nd. The Goldman Sachs Group boosted their target price on Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. KeyCorp increased their price target on Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group upgraded Procore Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $100.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

View Our Latest Analysis on Procore Technologies

Insider Transactions at Procore Technologies

In other news, Director Connor Kevin J. O sold 5,128 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $62.88, for a total value of $322,448.64. Following the completion of the transaction, the director now directly owns 1,345,464 shares in the company, valued at approximately $84,602,776.32. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Benjamin C. Singer sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $76.18, for a total value of $114,270.00. Following the transaction, the insider now directly owns 84,539 shares in the company, valued at approximately $6,440,181.02. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 149,103 shares of company stock valued at $11,029,458 in the last quarter. Insiders own 29.00% of the company’s stock.

Procore Technologies Price Performance

NYSE:PCOR opened at $78.52 on Wednesday. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of -157.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a fifty day moving average of $77.38 and a 200 day moving average of $67.33. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $86.67.

Procore Technologies (NYSE:PCORGet Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. On average, research analysts expect that Procore Technologies, Inc. will post -0.22 EPS for the current fiscal year.

Procore Technologies Profile

(Free Report)

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.

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Institutional Ownership by Quarter for Procore Technologies (NYSE:PCOR)

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